Here's a super-quick guide to what traders are talking about right now

Via Dave Lutz at JonesTrading, here's a super-quick guide to what
traders are talking about right now:

Good Morning! Futures under pressure for a 6th
straight day after some bloodletting in Asia as BOJ stands pat
and we get hit with our Daily Dose of Brexit Angst.
Germany’s Ifo warns on Brexit, MS ramps odds of “Leave”, and
fresh polls showing continued momentum have European markets on
edge, with all major exchanges in the red in heavy
volume. Banks across Europe taking the brunt of the
selling. DB hits a record low in Germany and Swiss banks
get hit as SNB warns on capital shortfalls. The FTSE FTSE
on 4month lows, losing “only” 50bp despite every major sector
getting hit. In Asia, eyes were on Japan as the
Nikkei lost 3% as Yen few to a 20M high, Hong Kong dropped 2%,
while China fell only small. Aussie closed near unchanged
as their “Bond Proxies” held firm, countering the drop in
Materials and Fins.

Havens are on fire early – German Bunds hit -3bp, US 10YY
approaching 2016 lows. Gold jumping 1.5% and nearing 2Y highs
despite a flying $. JGBs fresh record lows – Negative out
15years now, and the Swiss 30YY drops below zero. The Euro
is getting whacked, with Yen and the Greenback making sharp
gains, while all commodity currencies are under
pressure. WTI down another 1.3% and on 3week lows as
the uptrend from February is shattered, while both Natty and
Gasoline see selling. Aside from Gold, Silver the
only metal in the green as investors park a record amount in
Silver ETFs. Softs are all mixed, with Corn and Soy seeing
some pressure early.

Ahead of us today, we get Weekly Jobless Claims at 8:30, right
when Philadelphia Fed Business Outlook and US CPI hits. At
10 we get the NAHB Housing Market Index, just before the release
of Natty Gas Inventory data at 10:30. At 11:15, ECB
Board Member Mersch Speaks. Towards the close, We will have
gamma games whipping the market around into tomorrow’s Quad
expiry.